Sen. Tina Smith Sells 3M Company (NYSE:MMM) Stock

Senator Tina Smith (Democratic-Minnesota) recently sold shares of 3M Company (NYSE:MMM). In a filing disclosed on April 02nd, the Senator disclosed that they had sold between $50,001 and $100,000 in 3M stock on March 31st.

Senator Tina Smith also recently made the following trade(s):

• Sold $100,001 – $250,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 3/31/2026.
• Sold $100,001 – $250,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 1/27/2026.

3M Price Performance

MMM stock opened at $144.49 on Friday. 3M Company has a 52 week low of $121.98 and a 52 week high of $177.41. The firm has a market capitalization of $75.48 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a fifty day simple moving average of $157.01 and a two-hundred day simple moving average of $160.70. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 2.30.

3M (NYSE:MMM) last announced its earnings results on Tuesday, January 20th. The conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.03. 3M had a net margin of 13.03% and a return on equity of 95.36%. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the prior year, the company earned $1.68 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. 3M has set its FY 2026 guidance at 8.50-8.700 EPS. Analysts anticipate that 3M Company will post 7.8 earnings per share for the current fiscal year.

3M Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 13th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from 3M’s previous quarterly dividend of $0.73. This represents a $3.12 dividend on an annualized basis and a yield of 2.2%. 3M’s payout ratio is currently 52.00%.

Insider Buying and Selling at 3M

In other news, CAO Theresa E. Reinseth sold 5,145 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $172.75, for a total value of $888,798.75. Following the completion of the sale, the chief accounting officer owned 2,585 shares of the company’s stock, valued at $446,558.75. This trade represents a 66.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. PeakShares LLC purchased a new stake in shares of 3M during the fourth quarter valued at about $947,000. Union Savings Bank purchased a new position in shares of 3M in the 4th quarter worth approximately $415,000. Bayban bought a new position in shares of 3M during the 4th quarter worth approximately $1,853,000. DGS Capital Management LLC increased its position in shares of 3M by 35.5% during the fourth quarter. DGS Capital Management LLC now owns 2,512 shares of the conglomerate’s stock worth $402,000 after purchasing an additional 658 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of 3M during the fourth quarter worth $2,454,000. 65.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MMM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 3M from $179.00 to $181.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of 3M in a research note on Friday, March 13th. Wolfe Research boosted their price objective on 3M from $196.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Citigroup cut their price objective on 3M from $181.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group decreased their target price on 3M from $180.00 to $160.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.64.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

About 3M

3M Company, originally founded in 1902 as the Minnesota Mining and Manufacturing Company, is a diversified global technology and manufacturing firm headquartered in St. Paul, Minnesota. Over its history the company has expanded from mineral mining into a broad portfolio of industrial, safety, healthcare and consumer products, building a reputation for applied science and product innovation across many end markets.

3M’s businesses span a wide range of product categories including adhesives and tapes, abrasives, filtration and separation technologies, personal protective equipment such as respirators, medical and dental products, industrial and automotive solutions, and a suite of consumer brands (for example, well-known office and home products).